Payroll Deduction Scheme

Loan repayments deducted straight from your pay

By working with local employers Darlington Credit Union has a scheme in place to offer the employees an easy, secure, and ethical place to save and borrow.

Simple way to borrow

You will never have to worry about making payments as they are deducted straight from your pay.

In addition we ask you to save while you borrow meaning that at the end of your loan, you will be in a better financial position. Your loan will be repaid and you will have accumulated savings. Your future self will thank us and you!


Taking out a loan is a big decision. If there is anything that you would like to speak to us about with regards to our loans, get in touch. We will always be happy to talk to you.


Before you apply, make sure you are:

  • 18 years old or older
  • You are employed by one of our partner employers

Key features:

Amount Borrow up to £15,000
Term From 6 months to 5 years
Interest Interest rates range from 16.08% - 42.58% Representative APR
Same day payment Sign your loan agreement before 3pm and have access to the funds the same day
Repayments Repayments are deducted straight from your salary
Save as you Borrow We believe in saving as you borrow so as part of your agreement, repayments will be split between your loan and savings. This means that after you have repaid your loan, you will have built up savings to use as you wish.
Early repayments There are no fees for early repayments.

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